Omega School Inc
- Assets
- $891.8k
- Revenue
- $488.9k
- Investments
- $0.0
- Employees
- 7
- Location
- Madison, WI
- Founding
- 07/1974
- Data as of
- 12/2021
- EIN
- 39-1166888
Organization Overview
Omega School Inc is located in Madison, WI. The organization was established in 1974. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 12/2021, Omega School Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Omega School Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Omega School Inc generated $488.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $351.9k during the year ending 12/2021. While expenses have increased by 0.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE OPPORTUNITIES FOR PEOPLE TO ENHANCE THEIR LIVES THROUGH ADULT BASIC EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OMEGA SCHOOL, INC. PROVIDES BASIC SKILLS/GED INSTRUCTION TO ADULT STUDENTS. OMEGA SCHOOL, INC. PROVIDES BASIC READING INSTRUCTION TO ADULT STUDENTS WHO DO NOT MEET THE READING LEVEL OF A BASIC GED STUDENT AND ALSO HAVE COURSES DESIGNED TO PROVIDE INSTRUCTION TO SPANISH SPEAKING ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Oscar Mireles Executive Director | Officer | 40 | $74,958 |
Bill Thielmann President | OfficerTrustee | 1 | $0 |
Tim Daley Treasurer | OfficerTrustee | 4 | $0 |
Armando Ibarra Director | Trustee | 1 | $0 |
Reyna Jarquin Director | Trustee | 1 | $0 |
Krista Ralston Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $3,021 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $117,127 |
| All other contributions, gifts, grants, and similar amounts not included above | $344,716 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $464,864 |
| Total Program Service Revenue | $23,367 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $488,876 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $81,176 |
| Compensation of current officers, directors, key employees. | $11,005 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $89,160 |
| Pension plan accruals and contributions | $4,342 |
| Other employee benefits | $12,371 |
| Payroll taxes | $12,810 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,916 |
| Fees for services: Accounting | $10,214 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $24,428 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,662 |
| Advertising and promotion | $1,516 |
| Office expenses | $29,216 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,797 |
| Travel | $4,636 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,811 |
| Interest | $11,446 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,190 |
| Insurance | $7,751 |
| All other expenses | $155 |
| Total functional expenses | $351,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $383,805 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $28,985 |
| Accounts receivable, net | $9,200 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,687 |
| Net Land, buildings, and equipment | $326,055 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $138,114 |
| Total assets | $891,846 |
| Accounts payable and accrued expenses | $23,663 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $264,807 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $75,000 |
| Total liabilities | $363,470 |
| Net assets without donor restrictions | $351,694 |
| Net assets with donor restrictions | $176,682 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $891,846 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Omega School Inc has recieved totaling $130,512.
| Awarding Organization | Amount |
|---|---|
United Way Of Dane County Inc Madison, WI PURPOSE: Program Operating Cost/Donor Designation for General Support | $50,000 |
Madison Community Foundation Madison, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $30,000 |
Evjue Foundation Inc Madison, WI PURPOSE: SUPPORT CAPITAL CAMPAIGN FOR UPDATING FACILITY | $25,000 |
Madison Community Foundation Madison, WI PURPOSE: BIPOC MOTHERS VIRTUAL/BLENDED PROGRAM | $20,000 |
Nick And Judith Topitzes Family Foundation Inc Madison, WI PURPOSE: GENERAL OPERATIONS | $5,000 |
Devine Family Foundation Inc Madison, WI PURPOSE: DONATION | $500 |
Endowment Analysis
| Beg. Balance | $114,906 |
| Earnings | $22,471 |
| Admin Expense | $1,263 |
| Net Contributions | $2,000 |
| Ending Balance | $138,114 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alpha Kappa Alpha Sorority Inc Chicago, IL | $52,441,632 | $51,516,125 |
Alpha Kappa Alpha Sorority Inc Chicago, IL | $69,493,289 | $32,008,594 |
Alpha Phi International Fraternity Inc Chicago, IL | $56,554,412 | $12,398,073 |
Alpha Phi Foundation Inc Park Ridge, IL | $26,651,155 | $5,758,361 |
Alpha Phi International Fraternity Inc Chicago, IL | $421,200 | $3,656,233 |
Alpha Phi International Fraternity Chicago, IL | $317,269 | $2,685,882 |
Omega Enterprises Inc Eba Green Bay, WI | $419,566 | $1,989,091 |
Alpha Phi International Fraternity Inc Chicago, IL | $367,493 | $1,661,589 |
Alpha Phi International Fraternity Inc Chicago, IL | $358,828 | $1,806,685 |
Alpha Phi International Fraternity Chicago, IL | $334,026 | $1,671,045 |
Alpha Phi International Fraternity Chicago, IL | $611,846 | $1,460,195 |
Delta Kappa Epsilon Fraternity Ann Arbor, MI | $1,260,781 | $1,399,945 |